Capital One Foundation Inc is located in Mclean, VA. The organization was established in 1997. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Capital One Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Capital One Foundation Inc generated $21.8m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 12.1% each year . All expenses for the organization totaled $11.8m during the year ending 12/2023. While expenses have increased by 6.2% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Capital One Foundation Inc has awarded 401 individual grants totaling $50,789,289. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
TEACHERS COLLEGE:THE CAPITAL ONE FOUNDATION IS PARTNERING WITH 13 COMMUNITY COLLEGES ("COHORT COLLEGES") ENGAGED IN VARIOUS EFFORTS TO STRENGTHEN CREDIT AND NONCREDIT WORKFORCE PROGRAM ALIGNMENT. WITH GRANT-BASED FUNDING AND GUIDANCE FROM THE FOUNDATION, THE COLLEGES ARE BUILDING UPON PREVIOUS EFFORTS AND EXPERIMENTING WITH INNOVATIVE APPROACHES TO BETTER ALIGNMENT. IN SPRING 2019, THE COMMUNITY COLLEGE RESEARCH CENTER (CCRC) COLLABORATED WITH THE CAPITAL ONE FOUNDATION AND FIVE COHORT COLLEGES TO DESIGN A PROTOTYPE THAT BUILDS COLLEGES' CAPACITIES TO DEVELOP, EVALUATE, AND IMPROVE POLICIES AND PRACTICES GEARED TOWARD ALIGNING CREDIT AND NON-CREDIT PROGRAMS.
RESEARCH FOUNDATION OF CUNY:WITH SUPPORT FROM THE CAPITAL ONE FOUNDATION OVER THE LAST SEVERAL YEARS WE HAVE IMPLEMENTED SEVERAL STRATEGIES TO HELP FURTHER STRENGTHEN THE PROGRAM, INCLUDING: EQUIPMENT AND SOFTWARE UPGRADES; FREE CERTIFICATION BOOT CAMPS FOR CURRENTLY ENROLLED STUDENTS; PARTNERSHIPS WITH A LOCAL NONPROFIT PARTNER, PER SCHOLAS, TO HELP WITH RECRUITMENT EFFORTS; THE AVAILABILITY OF STUDENTS SUPPORTS (I.E. CERTIFICATION TEST VOUCHERS); AND THE ESTABLISHMENT OF A WELL-ROUNDED ADVISORY BOARD THAT INCLUDES EMPLOYERS AND ACADEMICS FROM THE FIELD.
HOSTOS COMMUNITY COLLEGE:THE PROJECT SEEKS TO STRENGTHEN CAREER PATHWAYS AT THE COLLEGE BY BETTER ALIGNING CEWD'S NON-CREDIT OCCUPATIONAL TRAINING PROGRAMS WITH CREDIT-BEARING ACADEMIC DEGREE PROGRAMS. THE LONG-TERM GOAL OF THIS PROJECT IS TO BETTER PREPARE STUDENTS TO ENTER THE COLLEGE AND TO HELP IMPROVE CREDIT ACCUMULATION AND EMPLOYMENT RATES FOR HOSTOS STUDENTS. THE GRANT WILL FACILITATE THE DEVELOPMENT OF NEW CREDIT ARTICULATION AGREEMENTS THAT GIVE CREDIT TO STUDENTS THAT ENROLL IN HOSTOS AFTER SUCCESSFULLY COMPLETING A CEWD OCCUPATIONAL TRAINING PROGRAM IN HIGH-DEMAND FIELDS SUCH AS ALLIED HEALTH AND INFORMATION TECHNOLOGY. THE GRANT ALLOWS US TO PARTNER WITH FACULTY AND ADMINISTRATORS TO DEVELOP STRATEGIES FOR GRANTING CREDIT FOR PRIOR LEARNING, PART OF A BROADER INITIATIVE ACROSS CUNY. THE PROJECT WILL ALSO FOCUS ON DEEPENING CONNECTIONS BETWEEN CEWD AND THE COLLEGE AROUND STUDENT ASSESSMENT AND SUPPORT SERVICES, SO THAT BOTH MATRICULATED AND NON-MATRICULATED STUDENTS RE
DALLAS COUNTY COMMUNITY COLLEGE:THE WORKFORCE DEVELOPMENT PROGRAM OF DCCCD ENCOMPASSES MANY AREAS THAT WORK WITH DALLAS COUNTY ENTITIES TO DELIVER RESEARCH AND INFORMATION FOR CAREER DEVELOPMENT AND JOB SKILLS. OUR LABOR MARKET INTELLIGENCE (LMI) DEPARTMENT PLAYS A VITAL ROLE IN GIVING LEADERSHIP AND WORKFORCE PARTNERS DATA ON THE SKILLS DEMANDS FOR DALLAS COUNTY'S PRIMARY JOB NEEDS. EMPLOYERS AND DCCCD LEADERSHIP DISCUSS LMI INFORMATION WITH WORKFORCE ADVISORY BOARDS INTERNAL AND EXTERNAL OF OUR DISTRICT. MUCH OF THE INFORMATION SHARED COMES FROM THE LMI RESEARCH TEAM FOR MAKING DECISIONS REGARDING PROGRAMS OFFERED AT DCCCD, WHICH ASSIST OUR COUNTY AND AREA WITH EDUCATION AND TRAINING FOR EMPLOYING A SKILLED WORKFORCE. THIS IN TURNS GIVE OUR STUDENTS ACCESS TO LEARNING SKILLS THAT WILL PREPARE THEM TO OBTAIN ECONOMICALLY STABLE JOBS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Shena Ashley President | 4 | $0 | |
Vernicka Shaw Secretary | 4 | $0 | |
Franco Harris Treasurer | 4 | $0 | |
Jason S Frank Assistant Secretary | 4 | $0 | |
Michael Angelo Assistant Secretary | 4 | $0 | |
Steph Doles Assistant Treasurer | 4 | $0 |
Statement of Revenue | |
---|---|
Contributions, Gifts, Grants & Similar | $20,000,000 |
Interest on Savings | $0 |
Dividends & Interest | $1,002,729 |
Net Rental Income | $0 |
Net Gain on Sale of Assets | $838,964 |
Capital Gain Net Income | $838,964 |
Net ST Capital Gain | $0 |
Income Modifications | $0 |
Profit on Inventory Sales | $0 |
Other Income | $0 |
Total Revenue | $21,841,693 |
Statement of Expenses | |
---|---|
Compensation of officers, directors, trustees, etc | $0 |
Other employee salaries and wages | $0 |
Pension plans, employee benefits | $0 |
Interest | $0 |
Taxes | $28,299 |
Depreciation | $0 |
Occupancy | $0 |
Travel, conferences, and meetings | $0 |
Printing and publications | $0 |
Other expenses | $41,245 |
Total operating and administrative expenses | $97,814 |
Contributions, gifts, grants paid | $11,682,500 |
Total expenses and disbursements | $11,780,314 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $20,180,585 |
Savings and temporary cash investments | $0 |
Net Accounts receivable | $0 |
Net Pledges Receivable | $0 |
Grants receivable | $0 |
Receivables from Officers, Directors, or Controlling Persons | $0 |
Net other notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $0 |
Net Investments - land, buildings, equipment | $0 |
Investments—mortgage loans | $0 |
Investments—other | $13,571,708 |
Net Land, buildings, and equipment | $0 |
Other assets | $41,417 |
Total assets | $63,821,096 |
Accounts payable and accrued expenses | $33,378 |
Grants payable | $0 |
Deferred revenue | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Mortgages and other notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $33,378 |
Over the last fiscal year, Capital One Foundation Inc has awarded $11,682,500 in support to 17 organizations.
Grant Recipient | Amount |
---|---|
BRAVEN INC PURPOSE: LAUNCHING BRAVEN IN PARTNERSHIP WITH DELAWARE STATE UNIVERSITY | $500,000 |
CENTER FOR LAW AND SOCIAL POLICY PURPOSE: BUILDING EQUITABLE ECONOMIC SUPPORTS IN THE SOUTH | $550,000 |
HISPANIC ASSOCIATION OF COLLEGES AND UNIVERSITIES PURPOSE: HSI IMMERSION PROGRAM+ AND HBCU-HSI JOINT IMMERSION PROGRAM (SUMMER 2024) | $1,420,000 |
HISPANIC SCHOLARSHIP FUND PURPOSE: 2023-25 CAPITAL ONE FOUNDATION/HSF PARTNERSHIP | $275,000 |
MDRC PURPOSE: OPTIMIZING TEXTING TECHNOLOGY THROUGH ENGAGEMENT RESEARCH WITH STUDENTS (OTTERS) PROJECT | $720,000 |
THURGOOD MARSHALL COLLEGE FUND PURPOSE: HBCU IMMERSION PROGRAM (ADDITIONAL STUDENTS) AND TMCF CAPITAL ONE CAMPUS ENGAGEMENT & DEVCON | $110,360 |